Master Discusses Hot Topics:

Yesterday I took a break and didn’t update. Speaking of which, the market has finally improved a bit compared to the one-sided plunge of the past two weeks. Now it’s a matter of watching while moving forward, gradually transitioning. Whenever the trend truly reverses, I will definitely notify everyone in advance through my articles. When the bull market arrives, we will make a push!

Additionally, in the past couple of days, there have been talks from Russia and Ukraine about a maritime ceasefire, and they might consider easing sanctions on Russia. Although it won’t stop immediately, it’s still a good signal, which can be seen as a short-term positive for the market.

Moreover, Federal Reserve officials have hinted that there might be only one interest rate cut in 2025. As everyone knows, the second half of this year is the peak of the halving cycle for Bitcoin, and if there’s only one rate cut, it’s likely to lead to a surge followed by a drop, giving you a taste of sweetness before hitting you hard, so don’t get too carried away with dreams of a bull market.

I still say, don’t hold too high hopes for the market in the second half of the year; lower your expectations, and you might be surprised. The alternation of bulls and bears is not the same as the transition from bear to bull; the former happens when bulls are buried, while the latter is when bulls rise.

Last week, I mentioned in my article that if you were previously stuck in long positions at high levels, you should take the opportunity to run during this rebound. Don’t think that the bull market has returned just like that; after the daily golden cross, it will still turn into a dead cross. So now is not the time to be bullish and go long; occasionally going long at lows can still yield some profit.

At this point, some friends might want to ask why we are going long at lows this week and last week??? Because the previous two weeks were too disastrous, and we need to change our strategy for the short term, but I still hold a bearish view for the medium term!

I’ve been saying for almost a week that the daily rebound is still ongoing, and the profits from going long at lows are decent, so why not take advantage of it? The profits from shorting are clearly not as good as going long at lows, and it’s necessary to adjust strategies from time to time.

Additionally, I mentioned last week that the main players won’t let you trade in one direction for four consecutive weeks within a month. The previous two weeks saw a sharp decline, so you should short at highs; now, after two weeks of easing, it’s time to go long at lows. But this doesn’t mean being bullish and going long; it’s just a short-term play.

Recently, I’ve seen friends asking me about Ethereum, so I’ll briefly elaborate on it today. I remember mentioning in previous articles that 2102 is the short-term ceiling for Ethereum. Once it stabilizes above 2102, the ceiling will move to 2380 and 2420. However, this is also the starting line for a surge to 3 to 4k within the halving cycle, so until the trend reverses, this is the top.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 89300

Second Resistance Level: 88300

Support Levels Reference:

First Support Level: 86800

Second Support Level: 85600

Today's Suggestions:

Bitcoin is currently consolidating in the 87K area. Since the market has formed a box range after the rebound, as long as there is no further decline and it remains within this range, we can expect further upward movement.

Although market buying sentiment has somewhat recovered, there are still unstable factors. Therefore, it is expected that the coin price will undergo repeated adjustments and short-term increases; only by stabilizing within the current range can we anticipate the continuation of the rebound trend.

After failing to successfully test today’s first resistance level yesterday, the coin price has entered an adjustment range. If it can hold above the upward trend line 1 during this adjustment period, it is likely to test that resistance level again.

If a suitable pullback occurs, it will likely test 90K. Currently, rather than focusing on resistance levels, it’s better to pay attention to whether the coin price can hold above the upward trend lines 1 and 2 and look for ultra-short-term entry opportunities.

The current first support level of 86.8K is an important support level, combining the short-term trend line, the 200-day moving average, and previous highs to form strong support, so it’s also a good opportunity for ultra-short-term entry.

If it breaks below the first support level, rather than predicting whether it will turn into a downward trend, it’s better to focus on the upward trend line 2 and consider it as a favorable average cost range.

3.26 Master’s Wave Strategy:

Long Entry Reference: Not currently applicable

Short Entry Reference: Light short in the 88300-89300 range, Target: 86800-85600

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). Master Chen is the same name across the internet. For more real-time investment strategies, solutions, spot trading, short, medium, and long-term contract trading techniques, operational skills, and knowledge about candlesticks, you can join Master Chen for learning and communication. A free experience group for fans has been opened, along with community live broadcasts and other quality experience projects!

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